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Property profile & analytics
OFF-MARKET
Estimated value
$8,310,000
Apartment buildings
7506 Woodside Ave, Flushing, NY 11373-1863
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US63-0945663
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1962
Total area
52,553 SF
Lot
0.25 ac (10,870 SF)
Zoning code
R6B
APN
01519-0028
UPID
US63-0945663
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.60M
Blend (final)
Blend
$8.31M
Owner & transaction history
Damar Apartments LLC · 16 yrs held
Damar Apartments LLC
since 2010
7 recorded transactions
Zoning & alternative use
R6B · Flushing, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Flushing submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Flushing submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$12,875,000
Current use
Blend value · Realmo final
$8.31M
Range $7.48M – $9.14M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$158 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$340,311
Tax year 2024
Assessed value
$2,722,050
Assessed 2024
Previous assessed
$2,721,600
+0.0% YoY
Effective rate
12.50%
On assessed value
Assessed land
$293,400
Assessed improvement
$2,428,650
Land market value
$652,000
Improvement market value
$5,397,000
Total market value
$6,049,000
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1962
Heating
NONE
Buildings
1
Stories
7
Units
75
Total area
52,553 SF
Lot
0.25 ac (10,870 SF)
Zoning code
R6B
APN
01519-0028
UPID
US63-0945663
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R6B · Flushing, NY
Zoning R6B · permitted uses
R6B · Flushing, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Flushing. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$12.9M
APARTMENT HOUSE (5+ UNITS) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1962
Heating
NONE
Stories
7
Buildings
1
Units
75
Lot
0.25 ac
Current owner
From public records · entity-resolved
Damar Apartments LLC
Entity
Mailing address
4052 75TH ST, ELMHURST, NY 11373-1051
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 19, 2026
—
Jpmorgan Chase Bank, N.a.
—
Deed
related
—
Feb 4, 2026
—
Damar Apartments, LLC
—
Deed
related
$1,199,596 · Jpmorgan Chase Bank, N.a.
Mar 21, 2019
—
Damar Apartments LLC
—
Deed
related
$8,000,000 · Santander Bk NA
Jan 13, 2010
—
Damar Apartments LLC
Cooper Re Holdings LLC
Grant Deed
—
Oct 7, 2008
—
Damar Apartments LLC
—
Deed Of Trust
related
$2,350,000 · Sovereign Bank
Jun 18, 2008
$313,848
Gateway R/e Holdings LLC
Werber,jacob
Grant Deed
—
Jun 18, 2008
—
Jacob Werber
Damar Apartments LLC
Grant Deed
—
Jun 18, 2008
$1,626,304
Powerhouse Realty LLC
Werber,david & Jacob
Trustees Deed
—
—
—
Damar Apartments LLC
—
Deed Of Trust
related
$73,269 · Sovereign Bank
—
—
Damar Apartments LLC
—
Deed Of Trust
related
$2,212,419 · Astoria Bk
—
—
Damar Apartments LLC
—
Deed Of Trust
related
$4,200,000 · Astoria Federal S&l Assn
—
—
Damar Apartments LLC
—
Loan Modification, Consolidation And Extension
related
$6,175,000 · Astoria Bk
—
—
Damar Apartment LLC
—
Deed Of Trust
related
$748,011 · Independence Community Bank
—
—
Signature Bk
—
Deed Of Trust
related
$2,000,000 · Cingular Wireless Pcs LLC
—
—
Damar Apartments LLC
—
Loan Modification
related
$8,000,000 · Santander Bk NA
—
—
Signature Bk
—
Deed Of Trust
related
$2,000,000 · Cooper Re Holdings LLC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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